Carr’s Group plc (GB:CARR) has released an update.
Carr’s Group PLC has released an interim financial report showing a modest revenue growth of 2% for the first half of FY24, driven by a strong performance in its Engineering Division, which saw a substantial increase in both revenue and adjusted operating profit. The Agriculture Division faced challenges with a revenue decrease and lower adjusted operating profit compared to the previous year. The company is exploring options to maximize shareholder value for the Engineering Division, while implementing transformation plans to optimize the Agriculture Division under new management.
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